SWIFT Code SITAKRS1 — SAMSUNG ASSET MANAGEMENT CO., LTD., SEOUL

About SWIFT Code SITAKRS1 — SAMSUNG ASSET MANAGEMENT CO., LTD., SEOUL

SWIFT code SITAKRS1 is the official 8-character head-office BIC (Bank Identifier Code) for SAMSUNG ASSET MANAGEMENT CO., LTD. in SEOUL, South Korea. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by SAMSUNG ASSET MANAGEMENT CO., LTD. for all outward international remittances from SEOUL. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code SITAKRS1

The code SITAKRS1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code SITAKRS1

Receiving International Wire Transfers

To receive money from abroad at your SAMSUNG ASSET MANAGEMENT CO., LTD. account in SEOUL, share SWIFT code SITAKRS1 with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at SAMSUNG ASSET MANAGEMENT CO., LTD., SEOUL must provide SWIFT code SITAKRS1. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using SAMSUNG ASSET MANAGEMENT CO., LTD. in SEOUL rely on SWIFT code SITAKRS1 for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for SAMSUNG ASSET MANAGEMENT CO., LTD. →

For cheque clearing or NACH mandates, use the MICR code for SAMSUNG ASSET MANAGEMENT CO., LTD. →

For TDS challan deposits, find the BSR code for SAMSUNG ASSET MANAGEMENT CO., LTD. →

How SWIFT Code SITAKRS1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code SITAKRS1 and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to SAMSUNG ASSET MANAGEMENT CO., LTD..
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: SAMSUNG ASSET MANAGEMENT CO., LTD. receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code SITAKRS1

• Spaces or lowercase letters — Always enter SITAKRS1 uppercase with no spaces.
• Using the wrong city — This code is for SEOUL only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within South Korea.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm SITAKRS1 directly with SAMSUNG ASSET MANAGEMENT CO., LTD.'s SEOUL branch or via the SWIFT BIC Directory.